- 毛利率代表著產品的競爭優勢, 要和同一個產業做比較. 如果毛利率很低的話, 就要看公司的營收規模是否夠大
- 毛利率從谷底回升, 或許就是開始反轉的訊號
- 營益率代表著公司的經營效率
- 在不大幅舉債的前提下, ROE可以看出公司的經營品質
- 穩定或持續提升的毛利率和營益率十分重要, 要當心持續下滑的毛利率和營益率
- 本業收入比高的公司, 才容易預估財測, 值得花心力去研究
- 無形資產佔總資產比高的公司, 可能代表這家公司是透過併購來成長. 但如果佔比高的不合理, 則要當心
- 併購後有沒有發揮1+1>2, 營益率是一個很好的觀察指標
- 要檢視ROE上升或下滑的原因, 根據杜邦分析不外乎是利潤率, 營收, 財務槓桿的增減
- 租賃業要觀察延滯率(在銀行稱為逾放比率)的變化. 如果越來越多客戶拖延還錢(延滯率上升), 就代表接下來放款的錢也會變少(放款率下降)
| EPS QoQ YoY | 營業毛利率 QoQ YoY | 營業利益率 QoQ YoY | 稅前淨利率 QoQ YoY | 稅後淨利率 QoQ YoY | 股東權益報酬率 QoQ YoY | 資產報酬率 QoQ YoY | 總資產周轉率 QoQ YoY | EBITDA利潤率 QoQ YoY | 財務槓桿 QoQ YoY | 本業收入比 QoQ YoY | 業外獲益比 QoQ YoY | 用人費用率 QoQ YoY | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | -0.34 | -135.79 | -134.69 | 12.41 | -21.95 | 47.56 | 4.98 | -34.9 | 2590.0 | -5.94 | -126.1 | -143.71 | -5.87 | -131.94 | -156.82 | -1.12 | -135.67 | -134.36 | -0.54 | -128.42 | -127.27 | 0.11 | 10.0 | -38.89 | -3.52 | -113.6 | -122.14 | 69.49 | -1.47 | -4.35 | -86.67 | -365.1 | -4753.33 | 186.67 | 185.49 | 83.39 | 1.50 | -60.63 | -77.88 |
| 24Q2 (19) | 0.95 | 31.94 | 171.43 | 15.90 | 24.02 | 70.6 | 7.65 | 176.35 | 776.99 | 22.76 | 9.69 | 182.03 | 18.38 | 35.35 | 321.56 | 3.14 | 27.13 | 166.1 | 1.90 | 28.38 | 140.51 | 0.10 | 0.0 | -37.5 | 25.88 | 4.4 | 131.69 | 70.53 | -14.88 | -3.33 | 32.69 | 169.65 | 328.85 | 65.38 | -55.5 | -42.79 | 3.81 | -80.48 | -49.2 |
| 24Q1 (18) | 0.72 | 145.0 | 305.71 | 12.82 | 25.69 | 49.24 | -10.02 | -404.56 | -144.99 | 20.75 | 211.56 | 520.04 | 13.58 | 167.97 | 361.15 | 2.47 | 145.83 | 309.32 | 1.48 | 150.0 | 331.25 | 0.10 | -33.33 | -28.57 | 24.79 | 258.71 | 1950.0 | 82.86 | 3.98 | 34.43 | -46.94 | -158.16 | -158.67 | 146.94 | 25.95 | 634.69 | 19.52 | 313.56 | 83.29 |
| 23Q4 (17) | -1.60 | -263.27 | -190.91 | 10.20 | 21.28 | -15.84 | 3.29 | 1745.0 | 571.43 | -18.60 | -236.87 | -85.44 | -19.98 | -293.42 | -160.16 | -5.39 | -265.34 | -199.44 | -2.96 | -249.49 | -190.2 | 0.15 | -16.67 | 7.14 | -15.62 | -198.24 | -143.68 | 79.69 | 9.69 | 27.1 | -18.18 | -918.18 | -181.82 | 116.67 | 14.62 | 9.6 | 4.72 | -30.38 | -50.26 |
| 23Q3 (16) | 0.98 | 180.0 | -1.01 | 8.41 | -9.76 | -36.29 | -0.20 | 82.3 | -142.55 | 13.59 | 68.4 | -50.04 | 10.33 | 136.93 | -21.21 | 3.26 | 176.27 | -0.91 | 1.98 | 150.63 | -1.0 | 0.18 | 12.5 | 20.0 | 15.90 | 42.35 | -48.24 | 72.65 | -0.42 | 15.61 | -1.79 | 87.5 | -180.36 | 101.79 | -10.94 | 2.93 | 6.78 | -9.6 | -45.15 |
| 23Q2 (15) | 0.35 | 200.0 | -71.07 | 9.32 | 8.5 | -6.05 | -1.13 | 72.37 | -166.08 | 8.07 | 263.36 | -40.92 | 4.36 | 183.85 | -61.52 | 1.18 | 200.0 | -71.36 | 0.79 | 223.44 | -66.95 | 0.16 | 14.29 | -20.0 | 11.17 | 933.58 | -31.05 | 72.96 | 18.36 | -8.42 | -14.29 | -117.86 | -214.29 | 114.29 | 471.43 | 30.61 | 7.50 | -29.58 | -9.64 |
| 23Q1 (14) | -0.35 | 36.36 | -135.71 | 8.59 | -29.13 | -26.46 | -4.09 | -934.69 | -221.01 | -4.94 | 50.75 | -144.54 | -5.20 | 32.29 | -160.82 | -1.18 | 34.44 | -134.2 | -0.64 | 37.25 | -131.84 | 0.14 | 0.0 | -39.13 | -1.34 | 79.1 | -109.91 | 61.64 | -1.69 | -19.97 | 80.00 | 1340.0 | 163.53 | 20.00 | -81.21 | -71.28 | 10.65 | 12.22 | 38.49 |
| 22Q4 (13) | -0.55 | -155.56 | -5.77 | 12.12 | -8.18 | 4.3 | 0.49 | 4.26 | -81.15 | -10.03 | -136.88 | -2607.5 | -7.68 | -158.58 | -58.35 | -1.80 | -154.71 | 4.26 | -1.02 | -151.0 | -6.25 | 0.14 | -6.67 | -33.33 | -6.41 | -120.87 | -317.29 | 62.70 | -0.22 | -21.42 | -6.45 | -390.32 | -101.08 | 106.45 | 7.65 | 121.29 | 9.49 | -23.22 | 25.2 |
| 22Q3 (12) | 0.99 | -18.18 | 115.22 | 13.20 | 33.06 | 6.02 | 0.47 | -72.51 | -88.81 | 27.20 | 99.12 | 436.49 | 13.11 | 15.71 | 218.2 | 3.29 | -20.15 | 97.01 | 2.00 | -16.32 | 104.08 | 0.15 | -25.0 | -31.82 | 30.72 | 89.63 | 309.05 | 62.84 | -21.12 | -24.85 | 2.22 | -82.22 | -97.35 | 98.89 | 13.02 | 518.06 | 12.36 | 48.92 | 51.47 |
| 22Q2 (11) | 1.21 | 23.47 | 964.29 | 9.92 | -15.07 | -5.79 | 1.71 | -49.41 | -43.56 | 13.66 | 23.17 | 1134.85 | 11.33 | 32.51 | 1111.61 | 4.12 | 19.42 | 940.82 | 2.39 | 18.91 | 1295.0 | 0.20 | -13.04 | -16.67 | 16.20 | 19.82 | 1359.46 | 79.67 | 3.44 | -6.33 | 12.50 | -58.82 | 105.47 | 87.50 | 25.64 | -74.48 | 8.30 | 7.93 | 7.24 |
| 22Q1 (10) | 0.98 | 288.46 | 84.91 | 11.68 | 0.52 | -8.32 | 3.38 | 30.0 | -27.0 | 11.09 | 2672.5 | 107.68 | 8.55 | 276.29 | 94.32 | 3.45 | 283.51 | 85.48 | 2.01 | 309.38 | 81.08 | 0.23 | 9.52 | -4.17 | 13.52 | 358.31 | 73.56 | 77.02 | -3.47 | -4.77 | 30.36 | -94.94 | -64.58 | 69.64 | 113.93 | 387.5 | 7.69 | 1.45 | -7.35 |
| 21Q4 (9) | -0.52 | -213.04 | -257.58 | 11.62 | -6.67 | -20.68 | 2.60 | -38.1 | -65.24 | 0.40 | -92.11 | -87.3 | -4.85 | -217.72 | -271.38 | -1.88 | -212.57 | -259.32 | -0.96 | -197.96 | -231.51 | 0.21 | -4.55 | -8.7 | 2.95 | -60.72 | -48.06 | 79.79 | -4.58 | 2.76 | 600.00 | 614.29 | 152.63 | -500.00 | -3225.0 | -263.64 | 7.58 | -7.11 | -11.03 |
| 21Q3 (8) | 0.46 | 428.57 | 2200.0 | 12.45 | 18.23 | -18.15 | 4.20 | 38.61 | -41.5 | 5.07 | 484.09 | 2716.67 | 4.12 | 467.86 | 2323.53 | 1.67 | 440.82 | 2285.71 | 0.98 | 590.0 | 716.67 | 0.22 | -8.33 | -4.35 | 7.51 | 576.58 | 193.36 | 83.62 | -1.68 | -0.54 | 84.00 | 136.75 | -97.67 | 16.00 | -95.33 | 100.44 | 8.16 | 5.43 | -0.85 |
| 21Q2 (7) | -0.14 | -126.42 | 64.1 | 10.53 | -17.35 | -25.85 | 3.03 | -34.56 | -54.5 | -1.32 | -124.72 | -188.59 | -1.12 | -125.45 | 68.36 | -0.49 | -126.34 | 65.0 | -0.20 | -118.02 | 72.97 | 0.24 | 0.0 | 4.35 | 1.11 | -85.75 | -72.86 | 85.05 | 5.16 | 7.64 | -228.57 | -366.67 | -148.48 | 342.86 | 2300.0 | 196.0 | 7.74 | -6.75 | 0 |
| 21Q1 (6) | 0.53 | 60.61 | -7.02 | 12.74 | -13.04 | -5.0 | 4.63 | -38.1 | 72.76 | 5.34 | 69.52 | -35.19 | 4.40 | 55.48 | -41.1 | 1.86 | 57.63 | -6.53 | 1.11 | 52.05 | -11.9 | 0.24 | 4.35 | 50.0 | 7.79 | 37.15 | -36.15 | 80.88 | 4.16 | 18.91 | 85.71 | -63.91 | 166.67 | 14.29 | 110.39 | -78.95 | 8.30 | -2.58 | -32.3 |
| 20Q4 (5) | 0.33 | 1550.0 | 1550.0 | 14.65 | -3.68 | -11.8 | 7.48 | 4.18 | 1.77 | 3.15 | 1650.0 | 67.55 | 2.83 | 1564.71 | 1921.43 | 1.18 | 1585.71 | 2260.0 | 0.73 | 508.33 | 563.64 | 0.23 | 0.0 | 9.52 | 5.68 | 121.87 | 20.85 | 77.65 | -7.64 | 6.65 | 237.50 | -93.4 | -37.13 | -137.50 | 96.18 | 52.4 | 8.52 | 3.52 | -15.89 |
| 20Q3 (4) | 0.02 | 105.13 | 0.0 | 15.21 | 7.11 | 0.0 | 7.18 | 7.81 | 0.0 | 0.18 | -87.92 | 0.0 | 0.17 | 104.8 | 0.0 | 0.07 | 105.0 | 0.0 | 0.12 | 116.22 | 0.0 | 0.23 | 0.0 | 0.0 | 2.56 | -37.41 | 0.0 | 84.07 | 6.4 | 0.0 | 3600.00 | 663.64 | 0.0 | -3600.00 | -908.0 | 0.0 | 8.23 | 0 | 0.0 |
| 20Q2 (3) | -0.39 | -168.42 | 0.0 | 14.20 | 5.89 | 0.0 | 6.66 | 148.51 | 0.0 | 1.49 | -81.92 | 0.0 | -3.54 | -147.39 | 0.0 | -1.40 | -170.35 | 0.0 | -0.74 | -158.73 | 0.0 | 0.23 | 43.75 | 0.0 | 4.09 | -66.48 | 0.0 | 79.01 | 16.16 | 0.0 | 471.43 | 1366.67 | 0.0 | -357.14 | -626.32 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.57 | 2750.0 | 0.0 | 13.41 | -19.27 | 0.0 | 2.68 | -63.54 | 0.0 | 8.24 | 338.3 | 0.0 | 7.47 | 5235.71 | 0.0 | 1.99 | 3880.0 | 0.0 | 1.26 | 1045.45 | 0.0 | 0.16 | -23.81 | 0.0 | 12.20 | 159.57 | 0.0 | 68.02 | -6.58 | 0.0 | 32.14 | -91.49 | 0.0 | 67.86 | 123.49 | 0.0 | 12.26 | 21.03 | 0.0 |
| 19Q4 (1) | 0.02 | 0.0 | 0.0 | 16.61 | 0.0 | 0.0 | 7.35 | 0.0 | 0.0 | 1.88 | 0.0 | 0.0 | 0.14 | 0.0 | 0.0 | 0.05 | 0.0 | 0.0 | 0.11 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | 4.70 | 0.0 | 0.0 | 72.81 | 0.0 | 0.0 | 377.78 | 0.0 | 0.0 | -288.89 | 0.0 | 0.0 | 10.13 | 0.0 | 0.0 |
| EPS YoY | 營業毛利率 YoY | 營業利益率 YoY | 折舊負擔比率 YoY | 稅前淨利率 YoY | 稅後淨利率 YoY | 股東權益報酬率 YoY | 資產報酬率 YoY | 總資產周轉率 YoY | EBITDA利潤率 YoY | 財務槓桿 YoY | 本業收入比 YoY | 業外獲益比 YoY | 無形資產佔總資產比 YoY | 用人費用率 YoY | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | -0.63 | 0 | 9.12 | -21.18 | -0.38 | 0 | 2.12 | -2.04 | 0.31 | -97.2 | -1.97 | 0 | -2.15 | 0 | -0.88 | 0 | 0.64 | -14.67 | 3.25 | -76.77 | 79.69 | 27.1 | -125.00 | 0 | 250.00 | 196.36 | 0.04 | -52.8 | 7.26 | -20.83 |
| 2022 (9) | 2.64 | 700.0 | 11.57 | -2.12 | 1.74 | -52.07 | 2.17 | 19.06 | 11.07 | 371.06 | 7.17 | 909.86 | 9.15 | 675.42 | 5.69 | 492.71 | 0.75 | -19.35 | 13.99 | 193.29 | 62.70 | -21.42 | 15.64 | -89.85 | 84.36 | 0 | 0.09 | -49.07 | 9.17 | 15.35 |
| 2021 (8) | 0.33 | -37.74 | 11.82 | -18.26 | 3.63 | -42.38 | 1.82 | -11.73 | 2.35 | -16.67 | 0.71 | -43.65 | 1.18 | -36.56 | 0.96 | -30.94 | 0.93 | 9.41 | 4.77 | -14.67 | 79.79 | 2.76 | 154.17 | -30.89 | -54.17 | 0 | 0.18 | -49.79 | 7.95 | -10.97 |
| 2020 (7) | 0.53 | -87.23 | 14.46 | -27.37 | 6.30 | -42.62 | 2.06 | 16.65 | 2.82 | -74.69 | 1.26 | -85.12 | 1.86 | -87.58 | 1.39 | -83.91 | 0.85 | -13.27 | 5.59 | -58.25 | 77.65 | 6.65 | 223.08 | 126.86 | -123.08 | 0 | 0.36 | -28.27 | 8.93 | -11.67 |
| 2019 (6) | 4.15 | -42.2 | 19.91 | -13.92 | 10.98 | -24.22 | 1.77 | 73.55 | 11.14 | -28.13 | 8.47 | -34.03 | 14.98 | -49.32 | 8.64 | -45.11 | 0.98 | -18.33 | 13.39 | -20.77 | 72.81 | -17.07 | 98.33 | 5.24 | 1.25 | -80.95 | 0.51 | 276.16 | 10.11 | -11.93 |
| 2018 (5) | 7.18 | 124.37 | 23.13 | 8.08 | 14.49 | 62.08 | 1.02 | 50.7 | 15.50 | 136.64 | 12.84 | 184.7 | 29.56 | 106.86 | 15.74 | 112.13 | 1.20 | -22.58 | 16.90 | 122.37 | 87.80 | -10.1 | 93.44 | -31.6 | 6.56 | 0 | 0.14 | 0 | 11.48 | 39.32 |
| 2017 (4) | 3.20 | -54.48 | 21.40 | -0.6 | 8.94 | -34.02 | 0.68 | -23.0 | 6.55 | -54.45 | 4.51 | -63.24 | 14.29 | -56.39 | 7.42 | -55.14 | 1.55 | 18.32 | 7.60 | -51.59 | 97.66 | -12.4 | 136.60 | 45.0 | -36.60 | 0 | 0.00 | 0 | 8.24 | -21.15 |
| 2016 (3) | 7.03 | -6.02 | 21.53 | -13.33 | 13.55 | -16.77 | 0.88 | -14.91 | 14.38 | -14.81 | 12.27 | -20.84 | 32.77 | -19.98 | 16.54 | -21.09 | 1.31 | 0.77 | 15.70 | -15.64 | 111.49 | 18.15 | 94.21 | -2.14 | 5.79 | 70.88 | 0.00 | 0 | 10.45 | 0.29 |
| 2015 (2) | 7.48 | 26.35 | 24.84 | -0.24 | 16.28 | -9.4 | 1.03 | 66.8 | 16.88 | -32.75 | 15.50 | -34.32 | 40.95 | -35.28 | 20.96 | -32.99 | 1.30 | -0.76 | 18.61 | -29.64 | 94.36 | -17.99 | 96.27 | 34.78 | 3.39 | -88.14 | 0.00 | 0 | 10.42 | 110.51 |
| 2014 (1) | 5.92 | 59100.0 | 24.90 | 0 | 17.97 | 0 | 0.62 | -67.24 | 25.10 | 0 | 23.60 | 0 | 63.27 | 0 | 31.28 | 0 | 1.31 | -37.62 | 26.45 | 834.63 | 115.06 | 314.78 | 71.43 | 0 | 28.57 | 0 | 0.00 | 0 | 4.95 | -32.74 |
